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Springfield 01129 Sixteen Acres
59 Portulaca Drive
$95,450
● House - Off Market

59 Portulaca Drive

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$249,711
RealtyHop Estimate
170.17%
Since Aug 1, 2001
National-US
Primary Model

About This Property

WELL CAREAD FOR RANCH OFFERS NEWER CARPETING IN LR PLUS MANY HARDWOOD FLOORS.OTHER FEATURES INCLUDE OFFICE IN BASEMENT, ATTACHED, GARAGE, SOME NEW WINDOWS & DOORS,RE-SHINGLED ROOF FREE STANDING DECK,ABOVE GROUND POOL.SPARKLE IN THIS HOME.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$96
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30471370)

Price History

Date / Event Date Event Price
Nov 5, 2021 Sold
Premium
Sold
Aug 25, 2021 Listed $229,900
Listed
Jul 17, 2001 Sold
Premium
Sold
Jan 16, 2001 Listed $92,427
Listed
Aug 21, 1987 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,079
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 960
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000323
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 98620045
  • Parcel: SPRI S:09862 P:0045
  • Municipality: SPRINGFIELD
  • Latitude: 42.1213
  • Longitude: -72.4831

    Address

  • Full Address: 59 Portulaca Dr
  • Address - House Number: 59
  • Address - Street Name: Portulaca
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C034
  • 4-Digit Zip Code: 1721
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $404,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 272,097
  • High Value: 330,684
  • Low Value: 213,509

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $237,100
  • Assessed Land Value: $56,800
  • Assessed Improvements Value: $180,300

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 79077
  • Previous Sale Recording Date: Jul 17, 2001
  • Previous Sale Amount: $95,450
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sixteen Acres

Stats & Trends

Median Asking:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1193 ft²

Average Home Age

54.6 years

Currently For Sale

19 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30471370

Frequently Asked Questions

When was property at 59 Portulaca Drive built and last sold?
The property at 59 Portulaca Drive was built in 1972 and last sold on Nov 5, 2021 for $242,500.
How much is this home worth?
The estimated value of the home located at 59 Portulaca Drive is $0.
What are some comparable homes to 59 Portulaca Drive?
There are currently no comparable homes to 59 Portulaca Drive.
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